In Argentina, with a background of 100 years of experience and over 66,000 wells drilled, the oil and gas industry has become one of the safest and cleanest.
The estimates in terms of shale gas and shale oil potential open a new energy outlook. The United States Energy Information Administration (EIA) ranks our country as the second-largest shale gas producer and the fourth-largest shale oil producer, with 802 tcf [trillion cubic feet] of gas technically recoverable resources and 27,000 million barrels. Most probably, the development of unconventional resources will increase 40 times the current gas reserves and 10 times the oil reserves, thus enabling a significant production increase.
In the coming years, with a primary energy matrix strongly focused on hydrocarbons, it will be necessary to extend the operating and service capacity in the oil and gas industry. In order to satisfy the increasing demands of the upstream, midstream and downstream, it will be essential to count with equipment, chemical products, industrial safety equipment and engineering services as well as to develop specific software, among many other products. National and international companies are already operating in the region, mainly in the ‘Vaca Muerta’ formation (Neuquén basin) and D-129 formation at ‘Golfo San Jorge’ basin.